Books about gambling and sports betting are incredibly popular among bettors, statisticians, gamblers, and sports analysts. However, there are way too many bad books. Sports betting is a tricky subject to write about, and if you choose a bad book, you might encounter a lot of false information. In addition, it could even be dangerous for your skills and tactics.
The best books are those that challenge the reader to concentrate and use their experience and mathematical knowledge to improve their betting skills. Moreover, the world of sports betting is full of useless opinions and wrong advice, so it’s a challenge to find the most reliable and correct information along with insider knowledge of techniques and tactics.
Luckily, we have created a top 20 list of the best sports betting books you need to read this year. Most of the sports betting books were written by world-class bettors and gamblers, analysts, psychologists, and even Sigmund Freud’s grandson. You can apply the advice in these books both in the real world and on betting sites. The great thing is that this list contains betting books for beginners and pros alike, and you will find out a lot about them in this review. Your betting skill will definitely improve if you read some of these. Take a look at our picks for the top 20 best sports betting and gambling books of 2019!
Conquering Risk: Attacking Vegas and Wall Street by Elihu Feustel and George Howard Review
This book by George Howard and Elihu Feustel has become sort of a game changer in the industry. Namely, the main focus of Conquering Risk are successful strategies in sports betting. It looks at the complex market and tells its readers how to beat it. If you want to win at sports betting, this title will surely impress you.
The writers reveal four major models that can be used for winning in the WNBA and NBA, NCAA Football, MLB, and NFL. Readers will receive insight into the main loopholes in the market and learn tricks on how to exploit them. Furthermore, the work has a nice pace to it, and the explanations are extremely detailed yet easy to grasp. Conquering Risk compares betting to stocks investments and provides some fresh ideas on risk-taking.
While George Howard is an acclaimed psychology professor, Elihu Feustel is a professional bettor and gambler. Thus, it contains the combined knowledge of the two writers. However, it might not be the best choice for beginners, as knowledge of the sports betting terminology is required. Nevertheless, intermediate bettors will definitely enjoy everything that Conquering Risk has to offer.
Enemy Number One: The Secrets of the UK’s Most Feared Professional Punter by Patrick Veitch Review
Patrick Veitch is one of the most successful bettors from the United Kingdom. Veitch is truly a big fish in the game, having won over £10 million from UK bookmakers in around 8 years. Luckily for bettors, Veitch wrote a work that reveals his life story and the secrets to his success. This compelling and pleasurable read is honest, effective, as well as very informative.
Namely, Enemy Number One will not lead you on with get-rich-quick schemes though. This title will provide theories, strategies to beat bookmakers, and fascinating risk management tricks. It contains some entertaining stories about betting and horse racing in the UK, which is a big bonus. On top of all that, Veitch’s betting slang and style of writing will truly provide amusing insight into his fascinating profession.
Fixed Odds Sports Betting: Statistical Forecasting and Risk Management by Joseph Buchdahl Review
Fixed Odds Sports Betting is a title that can be used by beginners, as well as experienced punters. Buchdal’s work will reveal key numerical techniques for playing with fixed odds, as well as value betting. In addition, it will teach the reader how they can use gambling as an investment with low risk. Thus, you will find out how to handicap certain sports. Furthermore, in this exciting read, Buchdahl will reveal how you can analyze your betting records, compare odds, and research your wagering strategy very quickly.
What’s more, readers will get a realistic look into the mathematics of betting and what it takes to win. You can use this work to create a successful wagering method. Plus, the theories and techniques provided are very straightforward, and it is easy to implement them.
Freud on Course: The Racing Lives of Clement Freud by Sir Clement Freud Review
Sir Clement Freud was one of the most famous names in the racing world. Namely, he got rich by betting on himself in 1973 and winning a fortune. Later on, he became a known writer of racing journalism and had a weekly column where he shared hilarious and witty anecdotes.
Freud on Course is a collection of the best stories from Freud, and it will provide endless entertainment. The writing is witty, and Freud’s perspective on the world is truly unique. While the book does not delve deeply into betting strategies like others on this list, it is certainly a page-turner due to its smart humor. Some of the parts that stand out are Freud’s descriptions of sports and the people involved in racing. Plus, Sir Clement was Sigmund Freud’s grandson, which makes this book a must-read.
Lay the Favorite: A Story About Gamblers by Beth Raymer Review
For four years, Beth Raymer, the writer of Lay the Favorite, worked as an agent for a bookie in Las Vegas. Later, she started an offshore wagering operation based in the Caribbean. Raymer dedicated some time after that to write about the world of professional sports betting and classic gambling. This title is a thrilling tale of her experiences. It will give you an inside look from someone who has seen it all, from hustlers and thieves to wack-jobs.
What’s more, it is autobiographical, and Raymer comes across as an independent and strong woman, while the men who surround her fall prey to some vices. It is of stories about sex, gambling, and money, but somehow, Raymer manages to come out on top. The pace and the writing style of Lay the Favorite will definitely give the readers a wild look into the surreal world of gambling.
Mathematics in Games, Sports, and Gambling by Ronald J. Gould Review
For those who are struggling with mathematical theory in wagering, this title offers a solution. Namely, it will reveal almost everything about calculating statistics and probabilities of betting. According to the writer, readers will only need to know basic algebra to understand it. Furthermore, some of the covered topics are counting, distributions, discrete mathematics, data analysis, averages, combinatorics, bonuses, probability, and others.
The concepts are easy to grasp due to Gould’s interesting writing style. Namely, to illustrate some of the theories, the writer uses examples from real-life situations in sports (e.g., odds of a flat tire during a Nascar race, etc.). This title offers a great resource and an in-depth source of reference for punters and mathematicians alike.
Mathletics: How Gamblers, Managers, and Sports Enthusiasts Use Mathematics in Baseball, Basketball, and Football by Wayne L. Winston Review
Mathletics is another book about mathematics in betting. While the focus is mostly on football, baseball, and basketball, many theories will apply to other forms of betting as well. The interesting thing about this title is that it reveals mathematical theory and techniques that are used by successful coaches and managers around the world. Players will gain a better understanding of sports in general after reading this publication, and it’s a great guide to football betting.
Mathletics is full of detailed illustrations and tables to explain concepts like arithmetics, randomness, and statistics. It also dispels some myths about wagering tricks that most punters think are true. The sports are neatly organized into 50 sections with a specific problem and a mathematical analysis which answers it. There is a near-infinite amount of different topics and problems. The great thing about Mathletics is that analysts and managers will gain a lot of knowledge from it too, so it is not applicable only for gamblers.
No Easy Money: A Gamblers Diary by Dave Nevison Review
No Easy Money: A Gamblers Diary was written by a man who challenged himself to win £60,000 in half a year and succeeded. However, Dave Nevison is no stranger to big losses, and this title is the perfect introduction to the harsh world of gambling. It’s a follow up to Nevison’s autobiography, A Bloody Good Winner, and it reveals his achievements while he was traveling through Europe and the UK. Any player who aspires to become a pro will truly enjoy this work, as it contains a great narrative and explains his bets in great detail.
Scorecasting: The Hidden Influences Behind How Sports Are Played and Games Are Won by Tobias Moskowitz and L. Jon Wertheim Review
Scorecasting tackles some of the main sports mantras and axioms (e.g., defense wins championships) by testing them with statistical calculations. It examines hidden influences that contribute to wins or losses in football, basketball, hockey (NHL), baseball, etc. The authors even analyze the famous Chicago Cubs’ curse.
The title features two writers, Tobias Moskowitz, and L. Jon Wertheim. Moskowitz is a behavioral economist and a professor, and Wertheim is a known sports writer and researcher. Some of the topics covered are home-field advantages, high-pressure situations, “hot hands,” draft picks, luck, etc. What’s more, this work doesn’t overwhelm the readers with complicated statistics, and it’s one of the best books for sports. There are some great hockey examples for games in the NHL. It has a great narrative, and the numbers are very easy to understand. This publication will definitely change the reader’s understanding of sports and their bankroll.
Sharp Sports Betting by Stanford Wong Review
One of the most popular betting books of all time is Sharp Sports Betting. Stanford Wong wrote the book, and it features a diverse approach and is a great resource for beginners and experienced sports bettors. The book explains all about parlays, teasers, props, side bets, and more. Furthermore, it is full of invaluable information that is hard to find elsewhere.
Beginners will definitely benefit from the clear explanations of basic terminology, maths, and logic, as well as neatly presented data tables. However, the book will not overwhelm you with information about betting. Stanford Wong uses the NFL as the primary example and includes a detailed NFL analysis. However, readers can utilize the information to build up their knowledge of betting and use it for other games. This book will also give you an understanding of how a casino behaves, and ultimately, you will learn how to invest your money so that your bets pay off and you fill your bankroll.
Sports Arbitrage — Riskless Investment by George Lynam Review
Speaking of investments, Sports Arbitrage — Riskless Investment, is among the most detailed works about this subject. Lynam is a professional who has been earning a living from betting for more than three decades now. This title is a true encyclopedia of everything related to arbitrage. It delves into theory and explains how to take a starting investment and turn it into a large income through betting. Some of the techniques were created by the writer and can only be found in this title.
Beginners and pros alike will get a detailed and realistic “walkthrough” while reading this great book. Lynam also discusses some risks that could occur and reveals how you can solve them.
Sports Investing: Profiting from Point Spreads: Finding Value in the Sports Marketplace by Daniel Fabrizio and Joseph Hunter Review
This title was written by some of the leading figures in the sports industry. Namely, Fabrizio founded the widely popular Sports Insights, while Hunter is an expert in betting tactics.
Sports Investing will provide a comprehensive thesis on how to use edges and manage your money on your way to winning. There are some detailed definitions of key concepts such as “public” or “smart” money, handicapping, randomness, and more. This title will lead you through a long-term approach towards winning and knowing the marketplace. Overall, it’s a good investment for inexperienced punters and people who want to explore the sports betting markets, as well as a large number of betting markets.
The Odds: One Season, Three Gamblers, and the Death of Their Las Vegas by Chad Millman Review
Up next on our list is a work of fiction by Chad Millman, which is a must-read for any gambler or simply anyone who is interested in the gambling culture in the USA.
Namely, The Odds: One Season, Three Gamblers, and the Death of Their Las Vegas is one of the best novels about Las Vegas. It follows three professionals who earn a living by gambling. With an incredible narrative, this work describes the failures, successes, and highs/lows of gambling. It’s a fascinating portrait of Las Vegas and its people, as well as an outstanding story of how money can change lives for the better or for worse. Millman created some exceptionally memorable characters that will make you want to pack for Las Vegas immediately after reading it.
The Signal and the Noise: Why so Many Predictions Fail — But Some Don’t by Nate Silver Review
Do you remember Nate Silver? Silver is an analyst who successfully predicted the results of the US election in 2008 for 49 states. In 2009, he was featured on the Time’s list of the Most Influential People. Later, in 2012, he correctly predicted the election for all 50 states. That same year, he published The Signal and the Noise, which quickly graced the #12 spot on the NY Times’ list of best-selling books. It was also one of Amazon’s most sold publications.
In this work, Nate Silver shows the readers some key aspects of mathematical model building and successful predictions. He utilizes statistics, as well as probability and other tools to explain betting and classic gambling, as well as important political and economic events. He uses real-life examples, such as climate change and elections to illustrate why some predictions work and some do not. The fascinating thing about this work is that it focuses a lot on mistakes and failures. It goes into great depth regarding the details needed to predict outcomes, and it’s surely a satisfying read for any gambler.
Weighing the Odds in Sports Betting by King Yao Review
Weighing the Odds in Sports Betting offers the essential tools for thoroughly evaluating and examining betting. It is a highly analytical work and one of the finest on this list because it focuses more on statistics than gambling.
Namely, it offers a unique and intelligent look into betting. King Yao’s research is nearly flawless, and the unique thing about it is that you will learn how to adapt to the ever-changing and growing betting market. The book will give its readers plenty of ideas and tools to use while making their next bet. Some of the topics covered are half-points, expected value, hedging, investing, etc. This work follows a methodical approach, and it shows the readers a problem, research, analysis, and a solution. However, not all winning strategies are revealed, so you will have to use the information in this publication to create your own winning strategies.
Gambling Wizards: Conversations with the World’s Greatest Gamblers by Richard Munchkin Review
If you want to know how the mind of a professional gambler works, this work will definitely take you on that journey. Namely, Richard Munchkin has compiled a series of detailed interviews with some of the most famous gamblers on the planet.
There are eight interviews with world champions of poker, blackjack, horse racing, horse betting, and more. Some of the players interviewed are Alan Woods, Billy Walter, and Tommy Hyland. These players are truly one in a million, which makes the book perfect for anyone who wants to succeed.
Trading Bases: How a Wall Street Trader Made a Fortune Betting on Baseball by Joe Peta Review
Joe Peta was a Wall Street trader who had an accident which left him paralyzed. Nevertheless, during the greatest time of crisis, he managed to make his dream come true. After that, he changed his career and wrote Trading Bases.
Namely, he was forced to leave the cruel world of Wall Street after the accident and pursued a rather risky new career — baseball betting. He used risk-analysis to study Major League baseball and create a massive return and beat Vegas betting odds in 2011. He employed techniques used by sabermetricians to earn a fortune, and you will find many of those techniques in this publication.
Even though Trading Bases is mainly focused on baseball, the information and approaches in it can be used for other forms of betting or making money in other industries too. However, readers should be aware that Joe Peta’s winning model is extremely hard to duplicate, and that he did not share all his secrets in Trading Bases.
Good Teams Win, Great Teams Cover: An Underdog’s Tale of Life, Gambling, and Sharp Sports Betting by Pat Hagerty Review
Pat Hagerty is an expert in situational betting in football, but mostly, he’s a really funny writer. The author is focused on college and professional games, and this book is an accumulated collection of his best tips and favorite betting strategies. This book has a very modern, fast-paced style of writing that most readers will enjoy, and it includes some priceless insight. The great thing about this book is that it combines statistics and funny anecdotes from Hagerty. It offers some great information about betting systems. However, the writer teaches you to look at statistics and tactics with an open mind because they are ever changing.
The Man with the $100,000 Breasts: and Other Gambling Stories by Michael Konik Review
Michael Konik is among the most popular writers on this list, but he is also a pro punter. His works have been published by the New York Times, Sports Illustrated, and many other magazines, and one of his best novels is The Man with the $100,000 Breasts. If you are a fan of hilarious gambling stories, this publication will certainly exceed your expectations.
The work, of course, takes its name from the real-life story of Brian Zembic, who got breast implants to win a $100,000 bet. It is full of fascinating and often hysterical stories from the gambling world, and any gambler should add it to their reading list.
Squares and Sharps, Suckers and Sharks by Joseph Buchdahl Review
Last but not least, Squares and Sharps, Suckers and Sharks is a work that will explain why we gamble.
This work is incredibly detailed, and it takes a deeply psychological, philosophical, and scientific look in the minds of gamblers, and it investigates the allure of gambling. It looks into probability, investing, chance, luck, control, and above all, the power of money. Buchdahl thoroughly researches the gambling process and explains it in great detail. Squares and Sharps, Suckers and Sharks is definitely one of the most unique publications on our list.
The Logic Of Sports Betting by Ed Miller, Matthew Davidow
The book “The Logic Of Sports Betting” is highly intriguing and exciting work that takes its reader behind the curtain, in the world of sports betting industry. Moreover, the book also serves the reader as a thorough guide to the most important facts about sports betting. “The Logic Of Sports Betting” lets you take a glance into the “insider’s files” on sports betting, and finally, find out the truth about all popular myths from the field. A reader can explore questions such as — How do sportsbook work?; and Can you increase the chances you have against the house odds? The book is one of those sports betting guides that every serious bettor should have on their bookshelf.
Authors of the book, Ed Miller and Matthew Davidow, are both insiders from the world of sports betting. Ed Miller already has a long career in writing about gambling and poker, and now he took his first leap as an author in the field of sports wagering. Matthew Davidow has over a 15-year long career in sports betting, and he founded two sports analytics firms. The authors joined forces, their knowledge about gambling in general, and sports wagering, and created this guide that is perfectly suitable for both beginners and experienced bettors. The book is easy and fun to read, as authors take you through all the serious topics with a dose of charming humor.
Improving Your NCAA® Bracket with Statistics (ASA-CRC Series on Statistical Reasoning in Science and Society) by Tom Adams
The book “Improving Your NCAA® Bracket with Statistics (ASA-CRC Series on Statistical Reasoning in Science and Society)” is a serious guide on statistics, science, math, and academic approach to sports betting. Author Tom Adams takes on a journey into the reliable statistic studies designed by researchers from Yale and Harward. The book brakes many myths about sports betting, as it’s concerned solely by science and numbers behind the game. Those who wish to understand the formulas behind sports betting on a very serious level should include this book in their guides collection.
The book author Tom Adams is a well-known producer from the world of media programs focused on science. This worked with History Channel, Discovery Channel, Channel 4, and BBC. His research in the field of statistics, as presented in “Improving Your NCAA® Bracket with Statistics” was also introduced to the public in Sports Illustrated, New York Times, and SmartMoney.
To conclude, we were quite impressed with all the sports betting and gambling books on our list. Some books will definitely help you improve your knowledge of betting and gambling in general. However, these works will certainly help you become a better bettor. On the other hand, a few of the books on the list contain a unique glimpse into the world of gambling and sports betting, and they will keep you turning the pages. So check out some of these sports betting books, and you will definitely become a better gambler!